Core Viewpoint - Chongqing Construction (600939) is facing challenges with its convertible bond pricing and potential financial losses, while also moving forward with new project investments [1][2][3] Group 1: Trading Information - As of July 11, 2025, Chongqing Construction's stock closed at 3.9 yuan, up 2.36%, with a turnover rate of 7.62% and a trading volume of 1.4493 million shares, amounting to a total transaction value of 580 million yuan [1] - On the same day, the net outflow of main funds was 67.4666 million yuan, accounting for 11.63% of the total transaction value, while retail investors saw a net inflow of 87.676 million yuan, representing 15.11% of the total [1][3] Group 2: Company Announcements - On July 10, 2025, Chongqing Construction's fifth board of directors and supervisory board held their 45th meetings, where they approved the establishment of a joint venture project company for development and investment, with an estimated total investment of 566.3279 million yuan [2][3] - The company plans to contribute 450 million yuan to the project, holding a 79.46% stake in the new venture, with the registered capital of the project company set at 100 million yuan [2][3]

Core Points - The company announced a cash dividend distribution of 0.05 yuan per share for the fiscal year 2024, approved at the shareholders' meeting on May 20, 2025 [2][15] - The total cash dividend to be distributed amounts to approximately 183 million yuan, based on a total share capital of 3,660,984,783 shares [4][15] - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the registration date [3][4] Distribution Details - The cash dividend will be distributed through the China Securities Depository and Clearing Corporation, with shareholders who have completed designated transactions able to receive their dividends on the payment date [5] - For shareholders who have not completed designated transactions, the dividends will be held by the China Securities Depository and Clearing Corporation until the transactions are completed [5] - The company will not withhold individual income tax for natural person shareholders and securities investment funds at the time of dividend distribution, with tax obligations calculated based on the holding period of the shares [9][10] Convertible Bond Adjustment - Following the dividend distribution, the conversion price of the company's convertible bonds (Ziyin Convertible Bonds) will be adjusted from 3.70 yuan to 3.65 yuan per share, effective June 6, 2025 [15][16] - The adjustment is in accordance with the terms outlined in the bond issuance prospectus, which stipulates that the conversion price will be adjusted based on cash dividends distributed [14][15] - The trading of the convertible bonds will be suspended from May 28, 2025, until the registration date for the dividend distribution [16]